IASbaba's Daily Static Quiz
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DAILY STATIC QUIZ (PYQs)
It will cover PYQs all the topics of static subjects – Polity, History, Geography, Economics, Environment and Science and technology.
Daily 5 questions (Monday to Saturday) will be posted from static topics (PYQs)
The questions will be in the quiz format so you will be able to answer them directly on the portal.
Schedule
- Week 1 – Polity
- Week 2 – Economics
- Week 3 – History and Art & Culture
- Week 4 – Geography
- Week 5 – Environment and Science & Technology
Same cycle will be repeated from Week 6.
Make the best use of the initiative. All the best!
To Know More about Ace the Prelims (ATP) 2021 – CLICK HERE
Important Note:
- Don’t forget to post your marks in the comment section. Also, let us know if you enjoyed today’s test 🙂
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Question 1 of 5
1. Question
If another global financial crisis happens in the near future, which of the following actions/policies are most likely to give some immunity to India?
- Not depending on short-term foreign borrowings
- Opening up to more foreign banks
- Maintaining full capital account convertibility
Select the correct answer using the code given below:
Correct
Solution (a)
Depending on short-term foreign borrowings, Opening up more foreign banks and maintaining full capital account convertibility will lead to more economic interdependency with the global economy. So, any global financial crisis will impact India.
Incorrect
Solution (a)
Depending on short-term foreign borrowings, Opening up more foreign banks and maintaining full capital account convertibility will lead to more economic interdependency with the global economy. So, any global financial crisis will impact India.
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Question 2 of 5
2. Question
If you withdraw 1,00,000 in cash from your Demand Deposit Account at your bank, the immediate effect on aggregate money supply in the economy will be
Correct
Solution (d)
If a person withdraws 1,00,000 in cash from his/her Demand Deposit Account at your bank Aggregate money supply in the economy will be unchanged
M3 consists of both cash held by public and Demand Deposit. The money that has been withdrawn from Demand Deposit is just added to cash (both are components of M3), so aggregate money supply will not have any immediate effect.
Incorrect
Solution (d)
If a person withdraws 1,00,000 in cash from his/her Demand Deposit Account at your bank Aggregate money supply in the economy will be unchanged
M3 consists of both cash held by public and Demand Deposit. The money that has been withdrawn from Demand Deposit is just added to cash (both are components of M3), so aggregate money supply will not have any immediate effect.
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Question 3 of 5
3. Question
“Gold Tranche” (Reserve Tranche) refers to
Correct
Solution (d)
A reserve tranche is a portion of the required quota of currency each member country must provide to the International Monetary Fund (IMF) that can be utilized for its own purposes—without a service fee or economic reform conditions.
Incorrect
Solution (d)
A reserve tranche is a portion of the required quota of currency each member country must provide to the International Monetary Fund (IMF) that can be utilized for its own purposes—without a service fee or economic reform conditions.
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Question 4 of 5
4. Question
With reference to the funds under Members of Parliament Local Area Development Scheme(MPLADS), which of the following statements are correct?
- MPLADS funds must be used to create durable assets like physical infrastructure for health, education etc.,
- A specified portion of each MP’s fund must benefit SC/ST populations
- MPLADS funds are sanctioned on yearly basis and the unused funds cannot be carried forward to the next year.
- The district authority must inspect at least 10% of all works under implementation every year
Select the correct answer using the code given below:
Correct
Solution (d)
Statement 3 is incorrect: An important aspect of the MPLAD Scheme is that funds released under this scheme are non-lapsable i.e. if the money is not utilised, it gets carried to the next year.
Incorrect
Solution (d)
Statement 3 is incorrect: An important aspect of the MPLAD Scheme is that funds released under this scheme are non-lapsable i.e. if the money is not utilised, it gets carried to the next year.
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Question 5 of 5
5. Question
Consider the following minerals:
- Bentonite
- Chromite
- Kyanite
- Sillimanite
In India, which of the above is/are officially designated as major minerals?
